Al-Arabiya
Tuesday, September 11, 2012
Saturday, September 8, 2012
Greeks protest harsh austerity measures in Thessaloniki
More than 50,000 protesters including postal workers and electric company employees, heed call from the party SyrizaGreeks say OXI [no!] to cuts to save creditors who made bad investments
Farmers protesting European unions that have made life hard for Greek farmers.
Tuesday, September 4, 2012
Greek pensioners storm health ministry over cuts in covered doctor and pharmacist payments
The man in the white shirt is shouting [translated] "That is enough! We cannot suffer more!"
Greek pensioners storm ministry of health in Athens
"That was a dynamic action nobody had dared to expect from pensioners who proved more brisk and vital than one would have thought. Some 200 pensioners from Greece’s biggest insurance fund IKA stormed the Health Ministry in Athens on Tuesday morning, when they were denied a meeting with minister Andreas Lykourentzos."
Protesting Greek Pensioners Occupy Health Ministry September 4, 2012
Australia mining boom is over
China slowing down will cause commodity prices to collapse
Pettis now believes commodity prices will collapse by as much as 50% over the next few years. His rationale is solid.[China Financial Markets]
The boom isn't over, Julia Gillard [Prime Minister of Australia] tells miners ,which,of course, confirms that the boom is over.
Monday, September 3, 2012
Sunday, September 2, 2012
JIM WILLIE: MORGAN STANLEY FACES IMMINENT FAILURE & RUIN, MAY SEE 1ST PRIVATE STOCK ACCOUNT THEFTS
"Begin with a preface to a meaningful event that could change the entire US landscape, a redux of what happened four years ago. Consider the next Wall Street financial firm failure. It is in progress. It is not avoidable. It will have numerous ramifications. It will open the door to account thefts, the burial of documents, the ransack of undesired leveraged positions, the concealment of wrecked derivatives, and a path toward the merger of surviving (selected core) firms. It will urge an extreme defensive posture. "
Spain bank deposit outflows total over 17% this year
Mark J. Grant, author of Out of the Box via Zerohedge:
The central bank of Spain just released the net capital outflow numbers and they are disastrous.During the month of June alone $70.90 billion left the Spanish banks and in July it was worse at $92.88 billion which is 4.7% of total bank deposits in Spain. For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing a full-fledged run on its banks whether anyone in Europe wants to admit it or not.
The Spanish ten year now yields a 6.81% and their thirty year is yielding 7.34%. Spain has now set up a fund for its regions to tap of $22.6 billion and this, in my opinion, will not even be close to what is asked for or required with the regions needing some $50-75 billion in assistance in my estimation. Many of the regions in Spain are not paying suppliers or their other local debts and the situation is clearly out of control.
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I saw them on StopcartelTV streaming video: The old man with the orange shirt threw the first watermelon into the street haha!
